I spent a few short days in Latvia last week. My meetings centered on industrial policy, which Latvia is serious about – quite interestingly for a country that is often viewed as a hotbed of conservative economics. But my time there also gave me an opportunity to reflect on the country’s much di...

Guest Post by Danny Leipziger,Professor of International Business at George Washington University, and former Vice President for Poverty Reduction and Economic Management at the World Bank A new president will take over the World Bank on July 1st. Dr. Jim Kim inherits a venerable institution tha...

The NYT describes how Chinese auto parts makers are beginning to conquer the world. You wonder once more how it is that China has become so successful in export-oriented manufacturing. The "fundamentals"--human and physical resources, macreoconomic stability and the exchange rate--are part of t...